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Thai Investors Eying Kish Island

In a meeting between Ambassador of Thailand to Iran Ramsee Chittham and managing director of Kish Free Trade Zone Ali-Asghar Mounesan on Kish Island earlier this week, the Thai envoy expressed Bangkok’s readiness to invest in FTZ. “Kish Island has developed significantly in recent years, which is a testament to proper management and planning by the Island’s officials,” IRNA quoted Chittham as saying. The Iranian official welcomed the prospect of Thai investments in Kish, and said: “A 20-year tax exemption, customs tariff discounts, and the possibility of establishing companies with 100% foreign ownership along with visa-free entry are among the advantages offered to visiting foreign investors and tourists.” “Kish Island is well prepared to receive up to six million tourists per year,” Mounesan added.